Among the most volatile stocks traded on October 27 were: Synutra International Inc, NII Holdings Inc, Lazard Ltd, Idenix Pharmaceuticals Inc, and LogMeIn, Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of Synutra International Inc. (SYUT) traded higher by 25.95% or $1.57/share to $7.62. In the past year, the shares have traded as low as $4.50 and as high as $14.80. On average, 68350 shares of SYUT exchange hands on a given day and today's volume is recorded at 69842. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $9.26 represents resistance and the 50-day moving average of $5.45 would be an area of support.
Shares of NII Holdings Inc. (NIHD) fell by 17.19% or $-5.24/share to $25.24. In the past year, the shares have traded as low as $22.26 and as high as $46.32. On average, 2563300 shares of NIHD exchange hands on a given day and today's volume is recorded at 6595000. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $32.37 area but be careful because the stock may face selling pressure at this level.
Shares of Lazard Ltd. (LAZ) traded higher by 12.71% or $3.15/share to $27.93. In the past year, the shares have traded as low as $19.04 and as high as $46.13. On average, 1124000 shares of LAZ exchange hands on a given day and today's volume is recorded at 1051316. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $35.53 represents resistance and the 50-day moving average of $24.98 would be an area of support.
Shares of Idenix Pharmaceuticals Inc. (IDIX) traded higher by 5.09% or $0.29/share to $5.99. In the past year, the shares have traded as low as $2.67 and as high as $7.05. On average, 624190 shares of IDIX exchange hands on a given day and today's volume is recorded at 241223. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.35 area where the stock will likely see buying pressure.
Shares of LogMeIn, Inc. (LOGM) traded higher by 7.59% or $2.71/share to $38.43. In the past year, the shares have traded as low as $26.74 and as high as $49.50. On average, 344670 shares of LOGM exchange hands on a given day and today's volume is recorded at 333262. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $37.60 area.
